Egyptian/Kuwaiti joint venture wins Nawaseeb road upgrade
Kuwaits Ministry of Public Works has awarded the contract for the upgrade of Al-Nawaseeb Road, also known as Route 40, to a joint venture (JV) of Egypts Arab Contractors Osman Ahmed Osman and the local Arab Kuwait Contractors.
The JVs bid for the contract was KD169m ($559m).
The project entails the construction of a six-lane, 37-kilometre road featuring multi-level intersections and a detour bridge. It also entails the supply of traffic control and signalling systems, as well as associated facilities.
The ministry is set to award two other major road projects before the end of the year. These include the construction of interchanges and bridges on the 6.5 Ring Road and intersection 82 on the countrys northern regional road.
The Arab Contractors and Arab Kuwait Contractors JV is bidding for both of the remaining road schemes.
These projects align with Kuwaits renewed focus to upgrade its infrastructure and address growing traffic congestion and travel time delays, particularly on roads controlled by traffic signal installations.
The Ministry of Public Works began reviewing the bids for the three projects in early August. The relatively short tender cycle for Route 40 and the $4.3bn project for the Kuwait International airport (KIA) expansion is almost unprecendented in Kuwait, which is known for delaying project contract awards.
Stay informed with the latest in the Middle East
Download the MEED app today, available on Apple and Android devices
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.